House of Multiple Occupation
A great fully let HMO (no licence required) yielding £1495 per calendar month (£17,940 per annum), representing a very attractive yield of 19.93% against the current guide price.
The property is in good condition and comprises of entrance hallway, modern kitchen/living room, study, four bedrooms and family bathroom. Externally is a driveway and front/rear gardens.
Located in the popular town of Worksop, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Worksop Train Station, the A57 and many local bus routes.
£90 per week
£85 per week
£90 per week
£80 per week
We have been informed by the Vendor that the property is not in an Article 4 Area therefore, an HMO license is not required. The Council is Bassetlaw District Council. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
